The remaining $552.9 million represents accumulated under-recovery that came from the companies’ relying more on expensive purchased power than they had originally projected.Īccording to the PSC’s Wednesday release, the companies relied on the purchased power not because it would be more expensive to rely more on self-generation, but “because they were unable to obtain sufficient coal supplies to maximize economical self-generation.” The $88.8 million represents the increased projected fuel costs for the span between Sept. The $88.8 million increase was part of a series of requests from the two companies – subsidiaries of American Electric Power who serve 462,000 customers in 25 counties in West Virginia – to the PSC in their quest to recover $641.7 million in coal costs to operate three electric plants in the state, including the Mitchell Plant in Marshall County.
PUTNAM COUNTY SENTINEL CLASSIFIEDS FULL
If the PSC would ultimately grant Appalachian Power and Wheeling Power their full requests, customers would see their bills go up by about $20.
According to reports, the $88.8 million increase will lead to an average increase of $5 in customers’ bills. In its decision released Wednesday, the PSC said those cases will remain open pending a final decision from the PSC. The rest of the total $641.7 million the companies are trying to recover remains under consideration. CHARLESTON - Customers of Appalachian Power and Wheeling Power will see an increase in their utility bills – though not as big as it could have been – after the West Virginia Public Service Commission approved a partial rate increase of $88.8 million in fuel costs.
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